Wed Apr 09 07:50:00 UTC 2025: ## Gold and Coin Prices Plummet in Iran
**Tehran, Iran – April 10, 2024** – The Iranian gold and coin market experienced a significant price drop today, April 10th, 2024 (20 Farvardin 1404). The price of 18-karat gold saw a substantial decrease of 415,000 Tomans, settling at 7,364,400 Tomans. 24-karat gold was priced at 9,819,100 Tomans, while one مثقال (approximately 4.65 grams) of 18-karat gold cost 31,934,000 Tomans. Used 18-karat gold traded at 7,266,198 Tomans. The price of an ounce of gold also experienced a slight decline, reaching $3,017.30.
The coin market mirrored this trend, with the price of Emami gold coins falling by 5,660,000 Tomans, closing at 91,660,000 Tomans. Bahar Azadi coins were priced at 80,275,000 Tomans, half-coins at 60,060,000 Tomans, and quarter-coins at 31,200,000 Tomans. Significant price differences were observed between older and newer coin designs.
The price drops also led to a reduction in the premiums (or “bubbles”) on the coins. The Emami coin showed a premium of 21,149,000 Tomans, Bahar Azadi 9,864,000 Tomans, half-coins 24,837,000 Tomans, and quarter-coins 13,416,000 Tomans. The premium on a gram of gold was 5,849,000 Tomans. The reasons behind this market downturn were not explicitly stated in the source material.
First Piper 